Uber has tested a blockchain-based investment with HSBC and Franklin Templeton that earned an extra 1.5 days of yield by keeping corporate cash invested through part of the weekend. Summary Uber bought...
Summary
- Uber has tested a blockchain-based investment with HSBC and Franklin Templeton that earned an extra 1.5 days of yield by keeping corporate cash invested through part of the weekend.
- Summary Uber bought a tokenized money market fund on Thursday and sold the investment on Sunday.
- HSBC supplied tokenized bank deposits, while Canton supported liquidity and settlement for the pilot.
- corporate customers are among those HSBC plans to bring into the investment service.
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